- Baichuan: This Chinese startup from Beijing just secured over $300 million in their Series A1 funding round. Notably, heavyweights like Alibaba, Tencent, and Xiaomi are leading the charge.
Baichuan has made a mark as a leading AI developer in China, focusing on generative AI and expansive language models, rivaling giants like Microsoft and OpenAI. Since hitting the scene, they've released several LLMs, including four open-source ones.
- Creative Force: This content-centric company just bagged $8.9 million in their Series A raise. As a result, they're now valued at $56 million, backed by entities like the Export and Investment Fund of Denmark and Hearst Ventures.
Founded in 2019 in Denmark, Creative Force assists retailers and brands in crafting content for marketing and online sales. Their platform boosts content production, ramping up efficiency by about 30% on average.
- Reality Defender: This AI startup announced a $15 million raise from their Series A funding round. DCVC spearheaded the investment, joined by backers like Comcast, Ex/ante and Parameter Ventures.
Reality Defender is focused on creating tools to spot deepfakes and AI-crafted content (talk about product market fit!). They began as a nonprofit, but pivoted towards outside financial backing once they realized just how big of a problem deepfakes are currently and will become.
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